PEAK6 Investments L.P. bought a new stake in Everi Holdings Inc (NYSE:EVRI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,715 shares of the credit services provider’s stock, valued at approximately $345,000. PEAK6 Investments L.P. owned approximately 0.07% of Everi at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC raised its stake in shares of Everi by 9.4% in the fourth quarter. Millennium Management LLC now owns 2,516,686 shares of the credit services provider’s stock valued at $18,976,000 after purchasing an additional 215,201 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Everi by 740.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 14,800 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Everi by 56.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 263,891 shares of the credit services provider’s stock valued at $1,990,000 after purchasing an additional 95,401 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Everi by 38.5% in the fourth quarter. Teachers Advisors LLC now owns 157,324 shares of the credit services provider’s stock valued at $1,186,000 after purchasing an additional 43,729 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Everi by 3.0% in the fourth quarter. Two Sigma Advisers LP now owns 919,792 shares of the credit services provider’s stock valued at $6,935,000 after purchasing an additional 26,900 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine upgraded Everi from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Telsey Advisory Group assumed coverage on Everi in a research note on Tuesday, March 13th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Jefferies Group assumed coverage on Everi in a research note on Tuesday, February 20th. They set a “buy” rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Everi presently has a consensus rating of “Buy” and an average target price of $10.67.
In related news, Director E Miles Kilburn sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total value of $1,200,000.00. Following the transaction, the director now owns 182,186 shares in the company, valued at $1,457,488. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Rumbolz sold 9,134 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.00, for a total value of $73,072.00. Following the completion of the transaction, the insider now owns 113,977 shares in the company, valued at approximately $911,816. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 192,500 shares of company stock valued at $1,540,000. 4.50% of the stock is currently owned by corporate insiders.
Shares of NYSE:EVRI traded down $0.17 during midday trading on Friday, reaching $6.40. The company’s stock had a trading volume of 636,334 shares, compared to its average volume of 866,890. Everi Holdings Inc has a fifty-two week low of $4.70 and a fifty-two week high of $8.99. The firm has a market cap of $442.60, a PE ratio of -20.65 and a beta of 1.14. The company has a debt-to-equity ratio of -8.25, a quick ratio of 0.92 and a current ratio of 0.97.
Everi (NYSE:EVRI) last announced its earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). The firm had revenue of $247.86 million during the quarter, compared to the consensus estimate of $231.70 million. analysts anticipate that Everi Holdings Inc will post -0.09 EPS for the current fiscal year.
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Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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